Regional banking company Fulton Financial (NASDAQ: FULT) will be announcing earnings results this Tuesday after the bell. Here’s what to expect.
Fulton Financial beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $318.4 million, up 20.6% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a decent beat of analysts’ tangible book value per share estimates.
Is Fulton Financial a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Fulton Financial’s revenue to decline 5% year on year to $318 million, a reversal from the 22.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fulton Financial has missed Wall Street’s revenue estimates twice over the last two years.
With Fulton Financial being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.3% on average over the last month. Fulton Financial is up 11.2% during the same time and is heading into earnings with an average analyst price target of $19.80 (compared to the current share price of $19.11).
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